NEW YORK (TheStreet) -- Shares of Royal Dutch Shell (RDS.A) are higher by 1.11% to $64 in pre-market trading on Thursday, following a Reuters report suggesting the independent oil and gas company is considering making some small energy deals in North America, even after its acquisition deal to acquire BG Group Plc., Shell's director of Americas exploration Marvin Odum told the online publication in an interview.
Shell said its cash reserves are constrained following its $70 billion deal to buy the British multinational oil and gas company, but is still considering smaller deals in the North American basins where it currently operates.
Shell's North America business makes up 15% of its global oil and gas production, Reuters noted.
Odum told Reuters that the BG deal "doesn't make us shy away from bolt-on," even though "it is hard to believe there is something big out there that is compelling."
Separately, TheStreet Ratings team rates ROYAL DUTCH SHELL PLC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ROYAL DUTCH SHELL PLC (RDS.A) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself."